Guideline Value for Indra Nagar part - II

Indra Nagar part - II guideline value

The current guideline value for Indra Nagar part - II is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nallur village and falls under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Indra Nagar part - II has changed

Looking at the revisions over the years, the guideline value for Indra Nagar part - II has seen several changes. In 2012, the guideline value was Rs 250 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 250 per sq.ft. The most recent revision in 2024 has kept the value steady at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the guideline values from 2012 onward are the only figures available for reference.

Guideline values in Nallur

In Nallur, there are 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 700 per sq.ft. The median value among these streets is Rs 250 per sq.ft, which is the same as the guideline value for Indra Nagar part - II.

• Indira Nagar: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Kariman Nagar: Rs 150 per sq.ft (2024)
• KJR nagar: Rs 350 per sq.ft (2024)
• Krishna nagar: Rs 350 per sq.ft (2024)
• Dharmasastha Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Nagar part - II

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Indra Nagar part - II?

The Sub Registrar Office that covers Indra Nagar part - II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nallur

The guideline value plays a crucial role during the registration of property transactions in Nallur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with the local regulations.

Buyers and sellers should be aware that the guideline value is set by the government and reflects the minimum value at which properties can be registered. This ensures that all transactions are recorded at a fair value, which helps in maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value for Indra Nagar part - II?

The current guideline value for Indra Nagar part - II is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017. It then increased back to Rs 250 per sq.ft by 2023.

What are the other streets in Nallur with their guideline values?

Other streets in Nallur include Indira Nagar at Rs 250 per sq.ft, HiTech City at Rs 175 per sq.ft, Kariman Nagar at Rs 150 per sq.ft, KJR nagar at Rs 350 per sq.ft, Krishna nagar at Rs 350 per sq.ft, and Dharmasastha Nagar at Rs 350 per sq.ft for 2024.

What is the stamp duty for property in Indra Nagar part - II?

The stamp duty for property in Indra Nagar part - II is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 17,500.

Where can I find the Sub Registrar Office for Indra Nagar part - II?

The Sub Registrar Office for Indra Nagar part - II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.